Trade Jini Review, Brokerage Charges, Demat A/C, Platforms & more
Last Updated Date: Nov 17, 2022Tradejini is a Bangalore based trending stockbroking company who has the vision to reduce the brokerage fee and help the traders to increase the profit margin of the traders tactically. They have joined the elite club of companies which has an annual turnover of over 1000 crores.
Tradejini takes the modern approach to provide services remotely. They have an experienced team of 60 years profound in stock trading products. However, they lack the entire Research & Advisory services, which are in demand, especially for the veterans.
The trading platforms is one of the best in the country that mostly covers the underlying stock trading activities. Another unknown factor is the way they charge brokerage. Even though they promise that it is profitable for the traders, but often people raise disputes for that.
Trade Jini Customer Ratings & Review
About Trade Jini
Overview | |
Company Type | Private |
Broker Type | Discount Broker |
Headquarters | Bangalore, Karnataka |
Founder | J kishore kumar |
Established Year | 2012 |
Tradejini is a private limited company with the headquarter located in Bangalore, the Silicon Valley of India.
The company has made its operational debut in the year 2012. Mr. J Kishore Kumar, the founder of the company, has more than 60 years of experience in the stockbroking industry. That is why, in just six years of operation, it has crossed the 1000 crores turnover landmark.
They acquire the membership of renowned financial institutions like NSE, BSE, MCX, MSEI, and a Depository Participant of CDSL in quick succession.
With their unique pricing structure and compelling overall experience, they have surely established themselves as one of the best stockbroking in Southern India.
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Trade Jini Brokerage Charges
Brokerage Charge & Fees | |
Equity Delivery Trading | Rs.20 per Executed Order |
Equity Intraday Trading | Rs.20 per Executed Order |
Commodity Options Trading | Rs.20 per Executed Order |
Equity Futures Trading | Rs.20 per Executed Order |
Equity Options Trading | Rs.20 per Executed Order |
Currency Futures Trading | Rs.20 per Executed Order |
Currency Options Trading | Rs.20 per Executed Order |
Minimum Brokerage | Rs.20 per Executed Order |
Demat AMC Charges | Rs.300 per Annum |
Trading AMC Charges | Free |
Margin Money | Zero Margin |
Brokerage Calculator | Tradejini Brokerage Calculator |
Unlike the conventional giants in the stockbroking industry, Tradejini’s approach is different in the case of brokerage fee. They have imposed static pricing as a brokerage fee, which starts from ₹20 per executed order.
Interestingly, it is the same for all the stock trading services they offer. From Equity Delivery to Equity Intraday, from Commodity Options to Equity Options, the price pretty much starts from ₹20 per executed order.
The price is even similar when it comes to Equity Futures, Equity Options, Currency Futures, and Currency Options. One of the fascinating features is that they provide a dedicated Brokerage Calculate to figure out the exact brokerage fee they charge.
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Trade Jini Charges
Other Charges | |
Transaction Charges | 0.00292% of Total Turnover |
STT | 0.0112% of Total Turnover |
SEBI Turnover Charges | 0.0007% of Total Turnover |
Stamp Duty | Depends on State (very minimal) |
GST | 18% of (Brokerage + Transaction Charges) |
Apart from the usual brokerage fees, the trader must pay some of the additional charges. However, these fees are nominal; hence, it will not alter the profit margin significantly. Firstly, there are the Transaction Charges at the rate of 0.00292% on Total Turnovers.
Then comes the STT fee of 0.0112% on Total Turnovers along with the SEBI Turnover Charges at the rate of 0.0007% on Total Turnovers. Additionally, there are the variable Stamp Duty Fees, and finally, the GST at the rate of 18%.
Meanwhile, the GST is the accumulated value of the Transaction fees along with the Brokerage fees. Interestingly, there is Zero margins for the Margin Money threshold.
Trade Jini Demat Account Opening Fees
Demat Services | |
Depository Source | CDSL & NSDL |
Account Opening Charges | Rs.200 |
Demat AMC Charges | Rs.300 per Annum |
Trading AMC Charges | Free |
Margin Money | Zero Margin |
Offline to Online | No |
Tradejini imposes a one-time registration fee of ₹200 to create an account with them. The account consists of a Demat account with an AMC of ₹300 per annum, and a Trading account, where there is no AMC fee.
Trade Jini Offers
Offers | |
Free Demat Account | No |
Free Trading Account | Yes |
Discount on Brokerage | Yes |
Trading Happy Hours | No |
Flexible Brokerage Plans | No |
1 Month Brokerage Free | No |
Holiday Offers | No |
Referral Offers | Yes |
Zero Brokerage for Loss Making Trades | No |
It safe to say that Tradejini provides a limited stock trading offers to their respective trading associates. We have discussed the pricing structure of the Demat account, while the Trading account is free. Apart from that, they offer amazing discounts on Brokerage fees.
They also have a well-thought-out referral program in their disposal. However, that doesn’t change the fact that they don’t provide any Happy Trading hours or flexible Brokerage plans, something that every stock trader craves.
They didn’t bother to give any holiday offers; forget 1-month free brokerage. After all this, it is foolish to expect they would provide rebates in brokerage fees for unsuccessful trading.
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How to open Demat Account with Trade Jini?
As discussed before, Tradejini operates its entire operations remotely. So, if any trader made up their mind in opening an account with them, they just need to follow some simple steps:
- At their homepage, the traders will get a floating option called “OPEN AN ACCOUNT”. Once clicked on the option, the traders will get a form to enter their email and contact number.
- A Tradejini representative will call and ask for the KYC documents like voter card, pan card, adhaar card, and a passport-size photograph. Once the trader submits the documents, they will take some time to evaluate and verify those documents.
- In the meantime, the traders must pay ₹200 as registration fees upon which they will provide the credential to log in to their respective accounts. However, the KYC must be verified successfully
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Why Open Trade Jini Trading Account?
Tradejini is a fascinating stock trading company who has revolutionized the stock trading industry. Here are the reasons why:
- The brokerage fee starts from just ₹20 per executed order.
- The Trading platforms are robust and packed with essential features.
- The Trading Exposure and Leverage ratio is higher than its rival companies. Along with that, they also provide a Margin calculator tool to figure out the exact amount.
Trade Jini Products & Services
List of products & services provided to its clients
Trade Jini Products:
Products | |
Equity Trading | Yes |
Commodity Trading | Yes |
Currency Trading | Yes |
Options | Yes |
Futures | Yes |
Mutual Funds | Yes |
Forex | No |
Banking | No |
SIP | Yes |
Insurance | No |
Tradejini has established itself as a trending force in the stock trading industry. They are associated with almost all the products related to the stock trading industry such as Equity Trading, Commodity Trading, and Currency Trading.
Not to mention the Options, Futures, Mutual Funds, and SIP-related activities. However, a few of them are missing as well, like the Forex, Banking, and Insurance related activities.
Trade Jini Services:
Services | |
Demat Services | Yes |
Trading Services | Yes |
3 in 1 Acount | No |
Intraday Services | Yes |
IPO Services | Yes |
Stock Recommendations | No |
Robo Advisory | No |
PMS | No |
Trading Institution | No |
Trading Exposure | Upto 6X |
The stock trading services, however, is not as consistent as their products. Yes, they have covered the Demat and Trading account-related activities, but when it comes to core stock trading services like Stock Recommendations, Robo Advisory, and PMS, they fail to deliver.
However, their IPO services are very compelling, so does their Intraday services. Meanwhile, experts believe Tradejini did a great job when they provide Trading exposure of up to 6x, in spite of not being an official trading institution.
Trade Jini Research, Advisory & Stock Tips
Research & Advisory | |
Fundamental Reports | No |
Research Reports | No |
Company Reports | No |
Annual Reports | No |
Company Stock Review | No |
Free Stock Tips | No |
IPO Reports | No |
Top Picks | No |
Daily Market Review | No |
Monthly Reports | No |
Weekly Reports | No |
Offline Advisory | No |
Relationship Manager | No |
Here is something shocking and interesting. Tradejini doesn’t provide any Research & Advisory service.
Trade Jini Exposure or Leverage
Exposure / Leverage | |
Equity Delivery | Upto 2X |
Equity Intraday | Upto 6X |
Equity Futures | Upto 3X |
Equity Options | Upto 4X |
Currency Futures | Upto 2X |
Currency Options | Upto 2X |
Commodities | Upto 2X |
Margin Calculator | Tradejini Margin Calculator |
Tradejini is capable of providing a maximum of 6x exposure or leverage for the Equity Intraday. Sadly, the same can’t be said for Equity Delivery, which is a maximum of 2x. The same up to 2x is for the Currency Options, Currency Futures, and Commodities.
The ratio lifts a bit for Equity Futures with a maximum of 3x, and Equity Options with a maximum of 4x, however. One good thing they provide is an online calculator tool to calculate the margin value.
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Trade Jini Trading Platforms
Trading Platforms | |
Desktop Platform – Windows | Yes |
Desktop Platform – Mac | Yes |
Desktop Browser Platform | Yes |
Mobile Site Platform | Yes |
Android App Platform | Yes |
iOS App Platform | Yes |
Windows App Platform | No |
Other Mobile OS Platform | No |
Real time Updates | Yes |
Portfolio Details | Yes |
Online MF Buy | Yes |
News Flash | Yes |
Research Reports | No |
Easy Installation | Yes |
Global Indices | Yes |
Stock Tips | No |
Personalized Advisory | No |
Interactive Charts | Yes |
Live Markets | Yes |
SMS Alerts | No |
Email Alerts | Yes |
Multi Account Management | No |
Nowadays, people expect everything to be automated. Hence, Tradejini delivers sophisticated and robust trading platforms. Here is what they are offering:
Tradejini Trading Terminal:
Tradejini proudly presents a desktop application in the form of a trading platform. The platform supports Windows and Mac operating system and also comes with the easy installation option. Essential features like Online MF Buy, Real-time Updates, and Portfolio Details are all available in this platform.
It would have been nice if they somehow integrated Stock Tips and Personalized Advisory options. Alas! These features are not there.
Tradejini Web Trading Platform:
In spite of adopting new ways of stock trading, Tradejini value those traders who prefer web browsers to access their accounts.
It has pretty must the same functionalities and misses those features which are also missing in the desktop application. One good thing is that they have made the platform browser responsive; therefore, it can be easily accessible from mobile phones.
Tradejini Mobile Trading App:
We have already discussed the features they provide on the desktop application and the browser version. So, let us focus on the mobile version.
It is an app available in both Android and iOS and is available in their online stores apart from their official website. Additionally, the app has Live Market and Email alerts to retrieve crucial market information.
Trade Jini Customer Support
Customer Support | |
Dedicated Dealer | No |
Offline Trading | No |
Online Trading | Yes |
24*7 Support | No |
Email Support | Yes |
Chat Support | No |
Toll Free Number | No |
Branches | Zero |
Tradejini showed the way to provide stock trading services remotely. However, when it comes to customer support, people have a mixed reaction.
As they provide services only to online users, they don’t need dedicated dealers, but the lack of Online Chat Support and Toll-free number support would have been beneficial for the traders. However, their email support team is competent enough.
Trade Jini Complaints & Feedback
Complaints (Current Year) | |
Lodged in BSE | 42 |
Resolvd in BSE | 40 |
Lodged in NSE | 57 |
Resolved in NSE | 53 |
Experts believe Tradejini had rushed into many things when they were planning their business. As a result, too many people have lodged complaints against them. 99 complaints to be exact; out of which 93 have been dealt with. So, one can see this is the area they are faltering.
Trade Jini Disadvantages
The company is just seven years old. Naturally, there are some problems. Here is a list:
- There are just too many complaints lodged against them. They have even failed to resolve a few, which is a genuine concern.
- The have deserted their Research & Advisory services altogether, which is without a doubt integral for a company’s sustainability.
- They lack the consistency a trader seeks in terms of overall user experience.
Trade Jini Conclusion
Tradejini is unquestionably a force to reckon with in the stockbroking industry. However, there are some issues which no matter how much we overlook, we will bound to see. The number of complaints is just not acceptable, something which is a clear-cut strategical error.
Shockingly, they seem okay with it, which in experts’ opinion can cause their demise. However, all the other aspects are well covered up, and if somehow, they can resist the number of complaints, they can still go far ahead and can be listed among one of the best stockbroking companies.
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